BGBillionbrains Garage Ventures544603ESOP grant news

Grant of ~21.63 lakh stock options to eligible employees under ESOP Scheme 2024

~21.63 lakh stock options granted to eligible employees on November 05, 2026 under the Employee Stock Option Scheme 2024.

By ScoutQuest · Thu 5 Nov 2026, 8:45 PM IST · 2 min read

Stock Options Granted

~21.63 lakh stock options granted to eligible employees on November 05, 2026

Exercise Price

Rs. 2 per option

Exercise Period

10 (ten) years from vesting

What was announced

• The company granted ~21.63 lakh stock options to eligible employees on November 05, 2026 under the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024.
• The Scheme is stated to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
• This is a grant of options, not a fresh issue of shares. Shares arise only when employees exercise the options.

How many shares do the options represent

• Each stock option is convertible into one fully paid-up equity share having a face value of Rs. 2 each.
• Accordingly, ~21.63 lakh equity shares of face value of Rs. 2 each are covered by the stock options granted, including the requisite adjustment pursuant to corporate actions as provided under the ESOP scheme.

Exercise price

• The exercise price is Rs. 2 per stock option, for ~21.63 lakh options.
• That is the same as the face value of Rs. 2 per share.

Exercise window and terms

• The exercise period is 10 (ten) years from the date of vesting, subject to the terms and conditions of the Scheme.
• The Scheme sets out how stock options are dealt with in cases such as death, permanent incapacity, resignation, termination and retirement.

How to read this as a shareholder

• Options are a right to receive shares later, not shares today. The share capital goes up only when employees actually exercise the options and shares are allotted.
• If all the options granted are eventually exercised, up to ~21.63 lakh new equity shares would be issued, which is the potential addition to the share base to keep in mind.
• The exercise price of Rs. 2 per option is the amount the employee pays the company per share on exercise.
• The grant is aimed at eligible employees, which is typically read as a staff retention and alignment measure rather than as a funding event.

What to watch

• Whether the options vest and get exercised will depend on the terms of the Scheme, which govern the timing and conditions.
• Any future disclosure on vesting or allotment of shares on exercise would be the next step in this sequence.

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